The Vraj Iron and Steel Limited date has been confirmed from June 26, 2024 – June 28, 2024.
Vraj Iron and Steel is a book built issue of Rs 171.00 crores. The issue is entirely a fresh issue. Vraj Iron and Steel dates are yet to be announced. The Vraj Iron and Steel open and close dates are not available as of now.
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Key Details Of Vraj Iron and Steel Limited IPO
Bidding Dates
June 26-28
Price Range
Coming Soon
Face Value
₹10 per share
GMP
₹[]
Vraj Iron and Steel Limited IPO GMP
The Vraj Iron and Steel Limited IPO GMP is ₹[].
IPO Overview
Vraj Iron and Steel opens for subscription on June 26, 2024 and closes on June 28, 2024. The allotment for the Vraj Iron and Steel is expected to be finalized on Monday, July 1, 2024. Vraj Iron and Steel will list on BSE, NSE with tentative listing date fixed as Wednesday, July 3, 2024.
Vraj Iron and Steel Limited IPO Details
| IPO Date | June 26, 2024 to June 28, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | [.] shares (aggregating up to ₹171.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹171.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 24,721,750 |
Vraj Iron and Steel Limited IPO Timeline
| IPO Open Date | Wednesday, June 26, 2024 |
| IPO Close Date | Friday, June 28, 2024 |
| Basis of Allotment | Monday, July 1, 2024 |
| Initiation of Refunds | Tuesday, July 2, 2024 |
| Credit of Shares to Demat | Tuesday, July 2, 2024 |
| Listing Date | Wednesday, July 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 28, 2024 |
Vraj Iron and Steel Limited Financial Information
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 89.44 | 81.69 | 77.47 | 125.93 |
| Revenue | 106.72 | 517.42 | 414.38 | 290.93 |
| Profit After Tax | 16.33 | 54.00 | 28.70 | 10.99 |
| Net Worth | 156.84 | 140.51 | 86.73 | 57.39 |
| Reserves and Surplus | 151.90 | 135.56 | 81.79 | 52.44 |
| Total Borrowing | 14.96 | 22.98 | 42.51 | 45.78 |
| Amount in ₹ Crore | ||||
Vraj Iron and Steel Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Company Profile
Vraj Iron and Steel Limited, previously known as Phil Ispat Pvt. Ltd., is a subsidiary of Gopal Sponge and Power Private Limited (GSPPL) in Raipur. The company is involved in steel and power production. Vraj Iron and Steel Limited operates two manufacturing units in Raipur and Bilaspur, Chhattisgarh. The company is proud to be recognized as a top iron and steel manufacturer in Central India. We are expanding our manufacturing and power plants, as well as exploring new opportunities in related sectors.
Our advanced steel plants have modern manufacturing facilities such as a DRI unit, EAF, continuous billet casting mill, high-speed rolling mill, cutting-edge product technologies, and fully-equipped quality assurance and testing laboratories. Our top-notch iron and steel products are highly sought-after for various structural purposes throughout India.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Vraj Iron and Steel Limited |
| Phone number | +91-771-4059002 |
| Email ID | [email protected] |
| Website | vrajtmt.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Vraj Iron and Steel Limited IPO FAQs
When Vraj Iron and Steel will open?
The Vraj Iron and Steel dates are not announced. Please check back again after some time.
What is the lot size of Vraj Iron and Steel?
Vraj Iron and Steel lot size and the minimum order quantity is not available at this time. Please check again later.
When is Vraj Iron and Steel listing date?
The Vraj Iron and Steel listing date is not yet announced. The tentative date of Vraj Iron and Steel listing is [.].
